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Real Estate Trends

September 29, 1998

Burbank/Glendale/Pasadena Office Net Absorption (in millions of square feet)

Eight-quarter average: 0.2 million square feet

Burbank/Glendale/Pasadena Office Vacancy Rates

2nd-quarter 1998, with sublet: 8.4%

Without sublet: 7.0%

* Note: Net absorption reflects the gain in rented space. Vacancy rate is the total vacant square footage divided by total rentable square footage in all existing buildings. Sublet space is space rented by primary tenants that is vacant and available for sublease.

* Source: CoStar

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